Akasa Air inks pact with CFM for LEAP-1B engines

Rakesh Jhunjhunwala backed-Akasa Air announced the purchase of CFM LEAP-1B engines to power its recently purchased Boeing 737 MAX airplanes. The agreement, which also includes spare engines and long-term services agreement, is valued at nearly $4.5 billion at list price.

Akasa had ordered 72 Boeing 737 MAX airplanes valued at nearly $9 billion at list price. The LEAP-1B engine entered into service on the Boeing 737 MAX in 2017.

CEO, Akasa Air: Vinay Dube.